27
27
Dec 29, 2016
12/16
by
BLOOMBERG
tv
eye 27
favorite 0
quote 0
focusesnally, daybreak on scotland's bid to seek reassurance for eu citizens. minister to get more than 3 million european union natives living in britain certainty over their future as she prepares to trigger brexit talks. past called on other eu leaders to guarantee the rights of britain's living outside the u.k.. of chief financial officers britain are turning optimistic, a little more than they were as they head into the new year, but they intend to be cautious amid the cloudy economic outlook. a study by deloitte found the number of cfos that are more positive about the prospects for their companies outweighs those who are more pessimistic by the most in 18 months, after the u.k. benchmark ftse 100 index hit a record high on wednesday. let's talk about where the u.k. heads next. brendan brown is still with us. we should not overplay the optimism in that deloitte survey . it's clear the optimistic -- optimism has bounced. in terms of where you see the u.k. story heading at the moment , obviously there are various threats to follow. there's the legal challen
focusesnally, daybreak on scotland's bid to seek reassurance for eu citizens. minister to get more than 3 million european union natives living in britain certainty over their future as she prepares to trigger brexit talks. past called on other eu leaders to guarantee the rights of britain's living outside the u.k.. of chief financial officers britain are turning optimistic, a little more than they were as they head into the new year, but they intend to be cautious amid the cloudy economic...
46
46
Dec 23, 2016
12/16
by
BLOOMBERG
tv
eye 46
favorite 0
quote 0
a big storm to the north of england and scotland -- it is not going to affect this area. italy earlier on confirming that the suspect sought in connection with the massacre at the berlin christmas market has been shot in milan. there has been a conversation and angelatiloni merkel this morning. good morning. how did this happen? when did we find out about it, and what details are we still missing? clear,s all very confirmed by the interior minister's and by the prime minister, all happening during the night. 3:00 a.m. at the train station in the milan area. police were holding a routine check. they stopped and men asking for his id, and this guy shot at them, injuring one policeman. .e is a jr. policeman he killed the man, and then they discovered that this man is anis ofi, the man accused attacking berlin earlier this week. the interior minister said there is no doubt that he is the man they were looking for. franceved in italy via with the train. they found the train ticket on his body. so finally the man has been found and has been for sure found in milan and was kille
a big storm to the north of england and scotland -- it is not going to affect this area. italy earlier on confirming that the suspect sought in connection with the massacre at the berlin christmas market has been shot in milan. there has been a conversation and angelatiloni merkel this morning. good morning. how did this happen? when did we find out about it, and what details are we still missing? clear,s all very confirmed by the interior minister's and by the prime minister, all happening...
33
33
Dec 23, 2016
12/16
by
BLOOMBERG
tv
eye 33
favorite 0
quote 0
. , 2.3% tok of scotland the upside. rbs doing well and trading on the back of this. if i'm a client of deutsche bank and thinking about my banking relationships in 2017, how big an impact will this have on my thinking? christopher: that is a difficult one. deutsche has some very loyal customers. they have been there for those customers a long time. they are a major european investment bank. they are seen as important. this just helps anybody who is going to have a debate at the table to say, do we still want to do this? this is out of the way, it is about what is in here for these guys, because they can focused on disposing of post-bank. they can really show what they are capable of in terms of business, which is a leading player in the capital markets. isn't it a little early to breathe a sigh of relief? what you bank has to deal with the alleged fiction -- fixing of prices in the middle market. the russian transfers. civil suits for investors. there is still a big legal bill ahead of them even though they have agreed to $16 billion in fines including the $9 billion
. , 2.3% tok of scotland the upside. rbs doing well and trading on the back of this. if i'm a client of deutsche bank and thinking about my banking relationships in 2017, how big an impact will this have on my thinking? christopher: that is a difficult one. deutsche has some very loyal customers. they have been there for those customers a long time. they are a major european investment bank. they are seen as important. this just helps anybody who is going to have a debate at the table to say,...
39
39
Dec 22, 2016
12/16
by
BLOOMBERG
tv
eye 39
favorite 0
quote 0
it is just going to bring lots of rain and high wind, so if you happen to be in scotland, it is going to be cold and probably going to snow but in southeast england it will probably rain a bit and be quite warm. anybody hoping for a white christmas in the u.k., or the southeast of england, not going to happen. tom: let me guess, it is boris johnson' fault? guy: we could blame him. let's move on to what is probably exciting boris johnson, next month we get the results from the supreme court hearing over whether theresa may can trigger article 50 without parliament's permission. we are still with gilles moec with bank of america merrill lynch and editor in chief john mickelthwait. will that court case change anything? has it embedded the idea that parliament will have to have a role? yes, my guess is parliament probably has to have some role going into it. the other interesting thing as we have sort of established the principle that whatever comes out of it, parliament should be involved. in some ways that second one could be a bigger problem are the people who want to push ahead is a h
it is just going to bring lots of rain and high wind, so if you happen to be in scotland, it is going to be cold and probably going to snow but in southeast england it will probably rain a bit and be quite warm. anybody hoping for a white christmas in the u.k., or the southeast of england, not going to happen. tom: let me guess, it is boris johnson' fault? guy: we could blame him. let's move on to what is probably exciting boris johnson, next month we get the results from the supreme court...
72
72
Dec 21, 2016
12/16
by
BLOOMBERG
tv
eye 72
favorite 0
quote 1
the other being scotland. the mexican dynamic is something to watch, especially as trump tries to push through an immigration policy that was the crux of his ability to win the republican primary. so that is going to be a really interesting dynamic, especially as we get into things like remittances, should he use that leverage and the immigration proposal. tom: kevin cirilli, thank you so much. congratulations on your new duties at the right -- at the white house. some thing i -- have been talking about, his adjacencies. -- theition sees adjacencies of any given country, canada, mexico, are important. stephen: the weakness of the peso is a reflection of trump's about promise to renegotiate nafta and build a wall. again, this is an example of a president elect who is trying to do policy country by country, yet the numbers are pretty clear. last year, 2015, the u.s. had trade deficits with 101 countries. so if you close down trade with china and mexico, deficit numbers 1 and 4, by higher math, that leaves 99 cou
the other being scotland. the mexican dynamic is something to watch, especially as trump tries to push through an immigration policy that was the crux of his ability to win the republican primary. so that is going to be a really interesting dynamic, especially as we get into things like remittances, should he use that leverage and the immigration proposal. tom: kevin cirilli, thank you so much. congratulations on your new duties at the right -- at the white house. some thing i -- have been...
40
40
Dec 20, 2016
12/16
by
BLOOMBERG
tv
eye 40
favorite 0
quote 0
comes out of thatu, it's a soft brexit would work for scotland. whether or not traits of may would agree to that is another issue. mark: it doesn't come without risks. rodney: she was very statesmanlike as she has been over the last six months in terms of putting forward scotland's position. beginning it was democratically unacceptable that scotland would be taken out of the eu against its will. it a chase of coming in saying this is what we would like. she made the point today rather poignantly that after six months, scotland is the only component to the u.k. that managed to put forward a mightal of what brexit look. mark: there are practical issues in implementing legislation when it comes to businesses and the open border. there are real practicalities here. rodney: of course there are to make this work. it all depends on the negotiations. scotland or edinburgh negotiations. becausea risky gambit if the u.k. decides to call scotland's bluff and she has to pull phil her promise and have an independence referendum. i don't know opinion has shifte
comes out of thatu, it's a soft brexit would work for scotland. whether or not traits of may would agree to that is another issue. mark: it doesn't come without risks. rodney: she was very statesmanlike as she has been over the last six months in terms of putting forward scotland's position. beginning it was democratically unacceptable that scotland would be taken out of the eu against its will. it a chase of coming in saying this is what we would like. she made the point today rather...
53
53
Dec 20, 2016
12/16
by
BLOOMBERG
tv
eye 53
favorite 0
quote 0
to consider scotland's brexit proposal. the part of the u.k. staying within the single market benefits the you -- the e.u. astland benefits the e.u. england apart. it represents one of the big issues we are dealing with right now with ireland. let's catch up on the other news today. it has been a busy news cycle. here his first word news with abigail doolittle. chancellor angela merkel is addressing the german people today in the aftermath of yesterday's fatal truck incident at a berlin christmas market. she pledged the full force of the law would be deployed to clarify "every detail." >> there is so much about this deed that we do not know yet with required certitude, but based on current evidence we need to assume this was a terrorist attack. i know it would be difficult for all of us to bear if it was concern that indeed it is and who committed this crime who came to germany to ask for section and asylum. the suspect was reportedly a pakistani refugee or he was arrested at the scene. it is believed he was the driver. vladimir putin is promis
to consider scotland's brexit proposal. the part of the u.k. staying within the single market benefits the you -- the e.u. astland benefits the e.u. england apart. it represents one of the big issues we are dealing with right now with ireland. let's catch up on the other news today. it has been a busy news cycle. here his first word news with abigail doolittle. chancellor angela merkel is addressing the german people today in the aftermath of yesterday's fatal truck incident at a berlin...
50
50
Dec 20, 2016
12/16
by
BLOOMBERG
tv
eye 50
favorite 0
quote 0
it will lay out how scotland wants the u.k. to seek policies. she reiterated her stance on a new independence vote if the demands are not met. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. of course, you can find more stories on the bloomberg at top . i'm angie lau, this is bloomberg. manus: thank you very much. these are merkel's dead, what a prominent member of the alternative for germany party careenedfter the truck into a berlin christmas market killing 12 people, and what the government says was probably a terror attack. anna: matt miller is in the german capital. give us the latest. matt: well, first of all, we know that 12 have been killed. we know almost 50 have been injured. we also know that the police have apprehended the suspected driver. they are very cautious, the german police are, in accusing the driver of a terrorist attack yet, or giving even the driver's nationality, however they have tweeted it is a probable terrorist attack. we have had prominent politicians from b
it will lay out how scotland wants the u.k. to seek policies. she reiterated her stance on a new independence vote if the demands are not met. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. of course, you can find more stories on the bloomberg at top . i'm angie lau, this is bloomberg. manus: thank you very much. these are merkel's dead, what a prominent member of the alternative for germany party careenedfter the truck into a berlin...
79
79
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 79
favorite 0
quote 0
scotland will hold a referendum on separation from the united kingdom and whether can stay in the eu single market. be warning seems to delivered by scott is foreign minister nicola sturgeon, a move that will turn up the heat on british prime minister theresa may, who spoke in parliament earlier today. welcome the fact that they have been looking at their priorities. we encourage all at ministrations to look at their administrations -- priorities. sturgeon said stalin voters decided to stay in the eu in the referendum -- said stayand's voters decide to in the eu in the referendum. roberts did not comment in onecting an emergency appeal senate action on garland. lower courts had previously dismissed the case. and americans who would like the popular vote instead of the electoral college. thell found 45 support popular vote. electors, 34% say should not be bound if they have concerns about the winning candidate. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. julie? julie: thanks, court
scotland will hold a referendum on separation from the united kingdom and whether can stay in the eu single market. be warning seems to delivered by scott is foreign minister nicola sturgeon, a move that will turn up the heat on british prime minister theresa may, who spoke in parliament earlier today. welcome the fact that they have been looking at their priorities. we encourage all at ministrations to look at their administrations -- priorities. sturgeon said stalin voters decided to stay in...
73
73
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 73
favorite 0
quote 0
stories of scotland. saudi arabia and china. what we are watching. barclays narrowing its customers to focus on relationships. the firm readies to sell 7000 clients -- tell more clients to do more trading with the firm or take a hike. lagardehristine convicted of one count of negligence by a paris court. at the parisve courthouse over her handling of that dispute. one" led the domestic box office with $155 million at the box office. will the strategy of spinning new characters off of franchises continue into the new year? mark: have a look at where equities are trading. gmm go. look at the red. those countries are declining. starting down by -- sterling down by 0.75. yields falling in austria. commodities and equity futures are your final two columns. let's get to some of the big corporate stories of the day. bp cementing its relationship with abu dhabi by swapping $2.2 billion of its own shares in exchange for a stake of onshore oil concessions. it will use new ordinary shares to pay for 10% of the other dobby onshore company -- abu dhabi onshore co
stories of scotland. saudi arabia and china. what we are watching. barclays narrowing its customers to focus on relationships. the firm readies to sell 7000 clients -- tell more clients to do more trading with the firm or take a hike. lagardehristine convicted of one count of negligence by a paris court. at the parisve courthouse over her handling of that dispute. one" led the domestic box office with $155 million at the box office. will the strategy of spinning new characters off of...
34
34
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 34
favorite 0
quote 0
stories of scotland. saudi arabia and china. what we are watching. barclays narrowing its customers to focus on relationships. the firm readies to sell 7000 clients -- tell more clients to do more trading with the firm or take a hike. lagardehristine convicted of one count of negligence by a paris court. at the parisve courthouse over her handling of that dispute. one" led the domestic box office with $155 million at the box office. will the strategy of spinning
stories of scotland. saudi arabia and china. what we are watching. barclays narrowing its customers to focus on relationships. the firm readies to sell 7000 clients -- tell more clients to do more trading with the firm or take a hike. lagardehristine convicted of one count of negligence by a paris court. at the parisve courthouse over her handling of that dispute. one" led the domestic box office with $155 million at the box office. will the strategy of spinning
44
44
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 44
favorite 0
quote 0
scotland will hold another referendum on independence from the u.k. unless it can stay in the eu single market. that is the warning coming from scotland. the move will turn up the heat on theresa may. in a financial times commentary, sturgeon says voters chose to stay in the eu in the brexit referendum and now face being pulled out by votes cast in england. in the u.s., electors will formally elect donald trump today. some anti-trump forces still aren't ready to give up. they are trying one last time to deny him the white house. protests are unlikely to persuade electors to dump trump. a joint session of congress is scheduled for january 6 to certify the electoral college results. global news and more than 120 countries. this is bloomberg. jonathan: one hour and 20 minutes away from the cash open in new york. futures positive, european equities pretty flat. let's get you some movers. >> we do have lots of energy shares trading higher in the premarket. multiple upgrades on the street. transocean has been reinstated with a buy over at ever court. we als
scotland will hold another referendum on independence from the u.k. unless it can stay in the eu single market. that is the warning coming from scotland. the move will turn up the heat on theresa may. in a financial times commentary, sturgeon says voters chose to stay in the eu in the brexit referendum and now face being pulled out by votes cast in england. in the u.s., electors will formally elect donald trump today. some anti-trump forces still aren't ready to give up. they are trying one...
42
42
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 42
favorite 0
quote 0
second referendum in scotland that is. worth noting she doesn't have any power to call a legally binding referendum, but it may be that the public opinion being on her side, she makes it very difficult. mark: still not clear whether if it was called today, she would win. simon: absolutely. actually, the polls have moved against her since the referendum vote, partly because the fiscal position in scotland will be very dire in a world of $40, $50, $60 barrels of oil. the first time around, when oil was at those numbers, she could make the arithmetic stack up. much harder to do. most estimates suggest a percent to 10%, were they to go it alone. mark: the economy has weathered brexit so far. to what extent will it continue to do so in 2017? simon: i'll pick you up on the fact brexit hasn't happened. has navigated the post-referendum uncertainty well. areg into 2017, indicators a little softer. labor market was a little softer india last week. nothing suggests a real collapse in sentiment. the timing of article 50 being in marc
second referendum in scotland that is. worth noting she doesn't have any power to call a legally binding referendum, but it may be that the public opinion being on her side, she makes it very difficult. mark: still not clear whether if it was called today, she would win. simon: absolutely. actually, the polls have moved against her since the referendum vote, partly because the fiscal position in scotland will be very dire in a world of $40, $50, $60 barrels of oil. the first time around, when...
53
53
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 53
favorite 0
quote 0
guy: scotland demands first minister nicholas sergio to push theresa may's hands. government opts not to remain in the single market, our position in scotland should be supported to do so and the paper will publish, we will publish will outline how that will be achieved. a mixed response to her commentary on what is happening here. freddie lait still with us. there is a lot of noise surrounding this story. i guess the best barometer for figuring out how the market views the world right now is what is happening on the euro sterling. cable has gone 150, 120. is that an overreaction? freddie: it feels it to me. have been using currencies to implement their view of future economic news, and obviously, brexit puts uncertainty on the u.k., but a 30% move down in the currency seems overdone to me. matt: what do you think about the moves we have seen in the yen while we're on currencies? of for acked after all couple days and seeing it at 117. it has gotten stronger over the last two days. we are touching to hear from the boj. extreme.it has been it has really been the dol
guy: scotland demands first minister nicholas sergio to push theresa may's hands. government opts not to remain in the single market, our position in scotland should be supported to do so and the paper will publish, we will publish will outline how that will be achieved. a mixed response to her commentary on what is happening here. freddie lait still with us. there is a lot of noise surrounding this story. i guess the best barometer for figuring out how the market views the world right now is...
59
59
Dec 19, 2016
12/16
by
BLOOMBERG
tv
eye 59
favorite 0
quote 0
talking about transition and here we are, scotland talking about another referendum. how damaging to sterling and sterling assets could another referendum be in the bifurcation of the united kingdom trading assets? geoffrey: it is possible that could push the nikkei to those we saw over the last six months sterling is think where it is right now. the marginal impact on a new referendum and the prospects of the u.k. breaking up will probably be less compared to the seismic shift in the uk's place in the world. as it were, due to brexit. i think there was a lot on the table right now. you mentioned different positions. the answer will be some are in between. as we approach article 50 triggering, i think the market will want some kind of a plan because right now, some certainty -- a breakup of the united kingdom is less significant than the u.k. pulling out of the e.u.? geoffrey: symbolically -- anna: that relationship goes deeper and covers more centuries. geoffrey: the issue, if we look at currencies right now, how does that impact the currencies of fundamentals? diffe
talking about transition and here we are, scotland talking about another referendum. how damaging to sterling and sterling assets could another referendum be in the bifurcation of the united kingdom trading assets? geoffrey: it is possible that could push the nikkei to those we saw over the last six months sterling is think where it is right now. the marginal impact on a new referendum and the prospects of the u.k. breaking up will probably be less compared to the seismic shift in the uk's...
58
58
Dec 15, 2016
12/16
by
BLOOMBERG
tv
eye 58
favorite 0
quote 0
scotland is making noise. tom: in paris. why are you in paris? shopping? francine: plenty more exclusive interviews. tom, my traveling makes me less productive or more productive because i can concentrate on a plane? tom: the only reason we do this is to get on an airplane where it is quiet with no -- francine: thank you. we are 2 sagittarius, so this has to be the end of the show, we are not compatible. breaking news. justin,cial thanks to who put a lot of work making us smarter. thank you so much. they literally pulled an all nighter because they did not run run of francine running around europe, asia, and the rest of the world. there is a happy birthday for francine lacqua. the markets are on the move. i will do an extra for an exchange check in the next section. the yen is a total readjustment, rounded up to 119. the philippine peso touched 50 pesos per dollar four or five hours ago. extraordinary. this is bloomberg. ♪ tom: "bloomberg surveillance." 4x screens today. on the parity watch, 104.15 is a deterioration in euro over two hours. takes to matt
scotland is making noise. tom: in paris. why are you in paris? shopping? francine: plenty more exclusive interviews. tom, my traveling makes me less productive or more productive because i can concentrate on a plane? tom: the only reason we do this is to get on an airplane where it is quiet with no -- francine: thank you. we are 2 sagittarius, so this has to be the end of the show, we are not compatible. breaking news. justin,cial thanks to who put a lot of work making us smarter. thank you so...
48
48
Dec 14, 2016
12/16
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
we have this international shift, which is -- not only brexit, it is scotland. there were considerable discussions about northern ireland. italy, spain,nto which is always in a state of turmoil, and the grandchild of all of them, greece. greece has been -- got into the euro he legally in the sense -- he legally in the sense they fudged their numbers, and it was admitted by the greeks. instead of getting them out of there, they are still there. so, the structure is unstable. alan greenspan there speaking with david westin in washington. vonnie: let's go to julie hyman. she is at the markets desk the latest on a few earlier movers. julie: let's talk about technology -- the only group in the s&p 500 that is higher. we have the rest of the index rolling over along with the dow and the nasdaq. apple and cisco remain in the green. still hanging on here. katy have a -- analyst stockton saying the apple weekly chart is similar to april, 2014, and as investors that exposure on a breakout above $117. not quite there. it is below $116. a fun note from beacon advisors about
we have this international shift, which is -- not only brexit, it is scotland. there were considerable discussions about northern ireland. italy, spain,nto which is always in a state of turmoil, and the grandchild of all of them, greece. greece has been -- got into the euro he legally in the sense -- he legally in the sense they fudged their numbers, and it was admitted by the greeks. instead of getting them out of there, they are still there. so, the structure is unstable. alan greenspan there...
96
96
Dec 14, 2016
12/16
by
BLOOMBERG
tv
eye 96
favorite 0
quote 0
we have this international shift, which is not only brexit, but it's go scotland. there were considerable discussions about northern ireland. spain,u get to italy, which is always in a state of turmoil, and the grandchild of all them, greece. greece got into the euro illegally in the sense that they fudged their numbers and was admitted. instead of getting them out of their, they are still there. is unstable. david: that was part of our exclusive interview with former federal reserve chairman alan greenspan. time now for other stories making headlines at this hour. here's an with their bloomberg business flash. emma: alaska air has closed its $2.6 billion acquisition of surging america. there will be no decision as to whether they will keep the virgin america brand. onere are talks to buy acteli after johnson & johnson moved away. j&j says it was not able to come up with a deal that would create adequate value for shareholders. at about $21alued billion. google and volvo are expanding their testing of driverless cars for the west coast. the company's have been tryi
we have this international shift, which is not only brexit, but it's go scotland. there were considerable discussions about northern ireland. spain,u get to italy, which is always in a state of turmoil, and the grandchild of all them, greece. greece got into the euro illegally in the sense that they fudged their numbers and was admitted. instead of getting them out of their, they are still there. is unstable. david: that was part of our exclusive interview with former federal reserve chairman...
165
165
Dec 14, 2016
12/16
by
BLOOMBERG
tv
eye 165
favorite 0
quote 0
the first is the lack of onshore capacity in scotland. they'll need any more cables going in behind it. secondly the international sovereign wealth fund investors are looking to be major financers of this. they are concerned about political risk. they are looking 30 or 40 years out, and clearly there are lots of from wings in scotland that over 30 years is not a risk they want to take. anna: brexit of course is also a political risk, if you could put it that way. i know you were in favor of the brexit vote and you have seen thanks go your way. you have also been a donor to the conservative party. are you happy with where things are going? >> yes, i am. i went to a drinks party a couple of nights ago and i'm convinced that teresa has got her mind set on brexit, so that's obviously a very important thing. she's brought in some very competent people to drive that through, and they are very determined to drive that through. the party seems to have fallen in line behind the new prime minister, which is obviously a very important thing. anna: i
the first is the lack of onshore capacity in scotland. they'll need any more cables going in behind it. secondly the international sovereign wealth fund investors are looking to be major financers of this. they are concerned about political risk. they are looking 30 or 40 years out, and clearly there are lots of from wings in scotland that over 30 years is not a risk they want to take. anna: brexit of course is also a political risk, if you could put it that way. i know you were in favor of the...
107
107
Dec 13, 2016
12/16
by
BLOOMBERG
tv
eye 107
favorite 0
quote 1
put up the royal bank of scotland on this chart, that here we have for banks. paribas,diamond, bnp deutsche bank, and unicredit down here with 93% of their loss in equities since the beginning of the financial crisis. everybody wants to be like jpmorgan, i get that. when you are in a meeting, what is your number one message to bank operators to right size the behavior of european banking? what is the davies marching order to get tactical results? howard: there is an overall structural problem, which is that europe is too heavily depended on bank finance. therefore, what you really need is the development of capital markets. you need a project that seems to be somewhat stalled since jonathan hill left. because banksthat in europe are taking too much of the strain. if you look at unicredit, it is in an economy that has not grown for 20 years. gdp per had in italy is the same as 20 years ago. if jamie dimon had faced that situation he would not be looking as healthy as he it is today. there is an element to which the banks are mirrors to their own economy. there's
put up the royal bank of scotland on this chart, that here we have for banks. paribas,diamond, bnp deutsche bank, and unicredit down here with 93% of their loss in equities since the beginning of the financial crisis. everybody wants to be like jpmorgan, i get that. when you are in a meeting, what is your number one message to bank operators to right size the behavior of european banking? what is the davies marching order to get tactical results? howard: there is an overall structural problem,...
48
48
Dec 9, 2016
12/16
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
scotland, wales and northern ireland. so it is completely different. francine: when we say this is not political, do we believe them? jo: absolutely. this case will be decided on the correct procedure. that is the only issue at stake. francine: let's talk what we about the markets. earlier we spoke with anne richards. meanswe know that brexit brexit. we have accepted that we may have to pay for the cape -- the cake, if we want to have it and eat it too. francine: to eat the cake? that matters less. if you look at sterling, as we go towards a hard exit, the are expecting more twists and turns to come. francine: as an investment professional, how do you deal with this? can you just be certain of one thing? that more volatility is to come? >> i think the question is whether we will be in the single market. everything else is irrelevant. that will be positive for sterling. and it would be a big political issue because we end up having tom: i love the photograph in the financial times of the prime minister. how is the prime minister doing? francine: we thin
scotland, wales and northern ireland. so it is completely different. francine: when we say this is not political, do we believe them? jo: absolutely. this case will be decided on the correct procedure. that is the only issue at stake. francine: let's talk what we about the markets. earlier we spoke with anne richards. meanswe know that brexit brexit. we have accepted that we may have to pay for the cape -- the cake, if we want to have it and eat it too. francine: to eat the cake? that matters...
43
43
Dec 6, 2016
12/16
by
BLOOMBERG
tv
eye 43
favorite 0
quote 0
with thesh government bank of scotland and lloyds in 2008, there's a situation where we have to say -- stay part of the industry. we have been dancing around it. bankers are trying to come up with solutions and it may just be the simplest one that the government steps in and says we have to recapitalize and work on what to do about failing in senior -- bailing in senior debtors and not hurting investors. francine: let's get to one of the professors in rome. the problem is that if you talk about they'll in roles, -- bail does automatically something happening -- does it automatically give the gift of power to the five-star movement? >> it could and it could not, it depends. here we need to interpret why telecom --aid the a new electoral law is no good. it has been passed, no referendum was needed. the only thing open for discussion was to readjust it. renzi had said, we can discuss. law, he new electoral could get a majority, could get enough votes to garner the majority of seats in parliament. that is possible because the anti-bank rhetoric which is quite primitive that has been sprea
with thesh government bank of scotland and lloyds in 2008, there's a situation where we have to say -- stay part of the industry. we have been dancing around it. bankers are trying to come up with solutions and it may just be the simplest one that the government steps in and says we have to recapitalize and work on what to do about failing in senior -- bailing in senior debtors and not hurting investors. francine: let's get to one of the professors in rome. the problem is that if you talk about...
53
53
Dec 5, 2016
12/16
by
BLOOMBERG
tv
eye 53
favorite 0
quote 0
royal bank of scotland will pay up to $1 billion in federal litigation over shareholder rights issues. say rbs made untrue and misleading statement. the bank is talking to a home -- to other shareholder groups to so it'll -- system -- to settle similar claims. according to the wall street journal, the compensation threshold will be raised to pay brokers by 10%. it is part of morgan stanley's cutting of a billion dollars in annual costs. that is your "bloomberg business flash. tom: coming up surely on "bloomberg daybreak: americas," jon ferro, david westin, and alix steel. what will you decide this morning that what will you do this morning based on your italy? a caretaker government is taking over. the muted market reaction -- btp selling off, but he euro-dollar round-trip is a big unknown for me. that is going to be very uncertain going forward, and rather counterintuitively, i have to say this makes it a lot harder for the five-star movement to govern authoritatively because the electoral law needs to be reformed. maybe they would not have the power that they would have had when we
royal bank of scotland will pay up to $1 billion in federal litigation over shareholder rights issues. say rbs made untrue and misleading statement. the bank is talking to a home -- to other shareholder groups to so it'll -- system -- to settle similar claims. according to the wall street journal, the compensation threshold will be raised to pay brokers by 10%. it is part of morgan stanley's cutting of a billion dollars in annual costs. that is your "bloomberg business flash. tom: coming...
56
56
Dec 1, 2016
12/16
by
BLOOMBERG
tv
eye 56
favorite 0
quote 0
britain's chancellor exchequer is visiting scotland to discuss the challenges of brexit. dilip hammond will stress the need for the country to remain part of the u.k.. he will meet first minister nicholas sturgeon and talk with business leaders in edinburgh. this comes after the government contributed a hundred million pounds to boost scottish infrastructure. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. crude oil prices are soaring by agreeing to the first production cuts in years. >> 1.2 from opec and 600 thousand from non-opec. a total of 1.8. so hopefully we will have a very high level of compliance. this all gives a positive outlook for the market. while industry has seen a high level of demand over the past years and i think it will continue over the coming years. the oil important for industry to have a healthy level of investments to balance supply and demand. that is what drove saudi arabia to rich differences with other producers inside and outside opec. tosef: let's take you back an
britain's chancellor exchequer is visiting scotland to discuss the challenges of brexit. dilip hammond will stress the need for the country to remain part of the u.k.. he will meet first minister nicholas sturgeon and talk with business leaders in edinburgh. this comes after the government contributed a hundred million pounds to boost scottish infrastructure. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. crude oil...
51
51
Dec 1, 2016
12/16
by
BLOOMBERG
tv
eye 51
favorite 0
quote 0
but in the chancellor of the chancellorsiting -- of the exchequer is visiting scotland today. philip hammond will stress the need for the country to remain part of the u.k. he will meet nicola sturgeon and hopes to talk with business leaders in edinburgh. this comes a week after the u.k. government committed 800 million pounds to secure scottish infrastructure. you can find more stories on the bloomberg at top . i am angie lau. this is bloomberg. yousef: thanks, angie. we spoke about how the energy software driving the rally in asia. juliette saly has all of the details. juliette: it certainly is the opec effects. look at the green coming through on your screen in your index.cific we are seeing the us really in energy sector have its biggest search today since october 2008. speech energy closed higher by over 11% and so did santos. origin energy, very well bed. in hong kong, sinopec, cnooc and petrol china doing it credibly well. they are leading the gains in the energy space. the downside is the airline stocks have taken quite a bit of a hit. higher oil prices really goin
but in the chancellor of the chancellorsiting -- of the exchequer is visiting scotland today. philip hammond will stress the need for the country to remain part of the u.k. he will meet nicola sturgeon and hopes to talk with business leaders in edinburgh. this comes a week after the u.k. government committed 800 million pounds to secure scottish infrastructure. you can find more stories on the bloomberg at top . i am angie lau. this is bloomberg. yousef: thanks, angie. we spoke about how the...